Medicare, The Elderly | featured news

New polling by Reuters/Ipsos indicates that during the past two weeks - since just after the Democratic National Convention - support for Romney among Americans age 60 and older has crumbled, from a 20-point lead over Democratic President Barack Obama to less than 4 points.

It has been a central campaign promise from Mitt Romney: His Medicare overhaul plan would not touch benefits for anyone older than 55. That may not, however, be the case with the Republican presidential nominee’s other health-care proposals. A growing body of research suggests that his plans to repeal the Affordable Care Act and cut Medicaid funding would have a direct impact on the health care that seniors receive.

“So here is the bottom line: My plan saves money in Medicare by cracking down on fraud and waste and insurance company subsidies. And their plan makes seniors pay more so they can give another tax cut to millionaires and billionaires.”

Escalating the campaign fight over Medicare, Republican vice presidential candidate Paul Ryan warned an audience of Florida seniors Saturday that changes to the program made by President Obama's healthcare plan will lead to rationing of care for the elderly.

GOP presidential candidate Mitt Romney's new promise to restore the Medicare cuts made by President Barack Obama's health care overhaul law could backfire if he's elected. The reason: Obama's cuts also extended the life of Medicare's giant trust fund. By repealing them, Romney would move the program's insolvency eight years closer, toward the end of what would be his first term in office.

President Obama fought back against Republican criticism over Medicare today, saying he has improved the program by eliminating wasteful spending. "Here's what you need to know -- I have strengthened Medicare," Obama told supporters in Dubuque, Iowa, on the third and final day of his bus tour of the state.

In an interview on “CBS This Morning,” Romney was asked how he squared his running mate’s plan to cut spending on the popular healthcare program for the elderly with his criticism of President Obama for making the same reductions.

House Democrats are making clear that GOP vice presidential contender Paul Ryan is one of their opponents in the election. The Democratic Congressional Campaign Committee is launching automated calls in 50 districts today aimed at tying Republican candidates to Ryan's plan to revamp Medicare, the government-run health insurance program for seniors.

An aging population and an economy that has been slow to rebound are straining the long-term finances of Social Security and Medicare, the government's two largest benefit programs.